Trading Floor

Open outcry is the name of a method of communication between professionals on a stock exchange or futures exchange typically on a trading floor. It involves shouting and the use of hand signals to transfer information primarily about buy and sell orders. [2].

Floor trading is the meeting of traders or stockbrokers at a specific venue referred to as a trading floor or pit to buy and sell financial instruments using open outcry method to communicate with each other. Numbers gestured from the forehead are blocks of ten, blocks of hundreds and thousands can be indicated by repeatedly touching the forehead with a closed fist. In doing a little research before the trip, I came across the above photo which Neal Slavin nealslavin.

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Beyond the actual information regarding the order itself, there are a number of hand signals used to indicate the status of an order, and other procedures on the trading floor.

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